cryptocurrency

US academics say their shardy blockchain will be 10X faster than Visa US academics are working together to create a new and improved cryptocurrency in a bid to rival Bitcoin. According to Bloomberg, professors from seven US colleges (including MIT, University of California, Standford University, and Berkely) are looking to …

Bitcoin theft victim sues AT&T for $224M after SIM-swap bungle Nicolas Truglia, the infamous cryptocurrency con-man already arrested for stealing $1 million in digital assets, is now being sued for a further $81 million by another one of his victims. Court documents allege Truglia worked with a crew of 25 unnamed …

Bitcoin ransomers arrested for kidnapping in South Africa Police in Mpumalanga, South Africa, have arrested two suspects who demanded a Bitcoin BTC ransom following the kidnapping of a teenage boy and the attempted kidnapping of a 13 year-old girl. The kidnappers demanded just over $100,000 (1.5 million rand) worth of …

Coinbase acquihires San Francisco startup Blockspring – TechCrunch Coinbase is continuing its push to suck up talent after the $8 billion-valued crypto business snapped up Blockspring, a San Francisco-based startup that enables developers to collect and process data from APIs. The undisclosed deal was announced by Blockspring on its blog, …

ICOs banked $13B with ‘little work, accountability, or transparency,’ report To date, Ethereum‘s process of initial coin offerings (ICOs) has earned token founders an estimated combined profit of $12.8 billion, made entirely of digital assets they created out of thin-air. The research arm of BitMEX has tracked the $24 billion worth of …

Oil behemoths join Shell and friends on energy trading blockchain The centuries-old, paper-based trading process of the oil and gas industry was overhauled last year, courtesy of the blockchain and an industry consortium originally including Shell, BP, ABN Amro, ING, and Societe Generale. The industry platform, called VAKT, announced yesterday …

An introduction to Bitcoin and cryptocurrency mining pools Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto published the Bitcoin whitepaper, the concept of mining was pretty simple. Due to the …

BBC news website spoofed by Bitcoin scammers Scammers have found a new way to use seemingly legitimate BBC News websites to mine Bitcoin BTC. The scam, identified by researchers, was first discovered in the first week of January. Scammers created what appeared to be a legitimate email containing a “Display Message” …

Anonymous Bitcoin miners are taking over the network The world’s most popular cryptocurrency is a now a little bit more decentralized, thanks to the waning influence of Bitmain and the return of the anonymous Bitcoin BTC miner. Blockchain research unit Diar has published new data revealing exactly who has been …